Last week, Canada’s Gildan Activewear purchased the American Apparel brand, but not the company’s retail locations, leading to reports that all 110 stores would be shuttered. Yet, what remains of American Apparel won’t confirm those closures — for the moment.
Without a buyer for American’s retail business, the shops are destined to close. However, that wouldn’t happen for at least another three months under a 100-day license with Gildan, an American Apparel spokeswoman told Business Insider. No stores have closed since the nine that were announced in October, she added.
